. >> defense secretary leon panetta says that if sequestration kicks in and billions of defense cuts are allowed to stand they will have to for the defense strategy out the window, badly damamaging our ability to respond toto crises around the world. it would be a $10 trillion cut in spending, half from the defense department, no corresponding rise in taxes. what is your best guess, evan will happen? >> yeah, i think it willappen. >> i if that happens mk, the consequences? >> carl levin thinks the odds are probably even. the iceberg is there, we can see it, and we continue to sell the ship in the direction of it. i think repubublicans particularly speaker boehner, don't want a. >> colby, how did it come to this? >> they kicked it down the r road. they put it off, thought it would never happen. they put it up so that it frightened everybody but they cannot get themselves together. tax cuts, entitlement reform -- they can not get it done. we are not going to have sequestration. we are going to have castration of the military, castration of domestic programs and a they see it coming. an